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Wickes Group ( (GB:WIX) ) has issued an announcement.
Wickes Group PLC has announced the purchase of 45,099 of its own ordinary shares as part of its ongoing buyback program, with plans to cancel these shares to adjust its share capital. This move will result in a total issued share capital of 236,344,654 shares, potentially impacting shareholder calculations under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £206.00 price target. To see the full list of analyst forecasts on Wickes Group stock, see the GB:WIX Stock Forecast page.
Spark’s Take on GB:WIX Stock
According to Spark, TipRanks’ AI Analyst, GB:WIX is a Neutral.
Wickes Group’s stock score is primarily influenced by moderate financial performance and weak technical indicators. The company’s strong cash flow generation is a positive factor, but high leverage and declining revenue growth pose risks. The stock’s valuation appears high, though the dividend yield offers some appeal. Overall, the stock faces challenges in market momentum and valuation, impacting its attractiveness.
To see Spark’s full report on GB:WIX stock, click here.
More about Wickes Group
Wickes Group PLC operates in the home improvement retail industry, offering a range of products and services for DIY projects, home renovations, and building supplies. The company focuses on providing quality products and services to homeowners and tradespeople in the UK market.
Average Trading Volume: 829,210
Technical Sentiment Signal: Buy
Current Market Cap: £449M
For an in-depth examination of WIX stock, go to TipRanks’ Overview page.